Hyundai Steel Invests $5.8 Billion in Louisiana Manufacturing
Hyundai Motor Group is establishing its first steel production facility in North America at RiverPlex MegaPark in Donaldsonville, creating a new domestic source of automotive steel for the company’s U.S. manufacturing operations.
The project will anchor one of Louisiana’s premier industrial sites and strengthen the state’s role in advanced manufacturing and the domestic automotive supply chain.
“Hyundai’s decision to invest nearly $6 billion in Ascension Parish speaks volumes about Louisiana’s skilled workforce, robust infrastructure and our ability to compete for innovative manufacturing facilities. This announcement makes clear that Louisiana’s manufacturing sector is roaring back, thanks to our historic tax reforms, our business-friendly approach and the many competitive advantages our state has to offer international powerhouses like Hyundai.”
— Governor Jeff Landry
Project Highlights
- Next-generation steel production: The state-of-the-art electric arc furnace mill is expected to produce 2.7 million metric tons of steel annually with approximately 70% lower emissions than traditional blast furnaces.
- Deepwater access: Hyundai Steel is partnering with the Port of South Louisiana to build a deepwater dock on the West Bank of Ascension Parish to accommodate steel and materials shipments.
- Workforce training: River Parishes Community College broke ground on the Hyundai Steel Training Center in Donaldsonville, a dedicated training facility targeted to open in the fourth quarter of 2027.
- Research and innovation: Hyundai Steel and LSU established a long-term research partnership focused on next-generation steelmaking, including materials science, energy, robotics, automation and workforce development.
- 70% of project contracts are with Louisiana companies, creating opportunities for local businesses through Source Louisiana. Air Liquide is investing more than $350 million in Louisiana to support Hyundai Steel’s operations.
- The Hyundai Steel project was named Business Facilities’ 2025 Platinum Deal of the Year, giving Louisiana the publication’s top economic development honor for the second consecutive year.
Momentum in Action
Even before work begins inside Hyundai Motor Group’s first steel mill in North America, the historic Louisiana town near the site is already feeling the positive impact of this development. Hear the stories of local community and business leaders who are excited for the future of Donaldsonville.
